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<h1>SEBI Act Section 12A bans market manipulation, insider trading, and fraudulent securities practices</h1> Section 12A of the Securities and Exchange Board of India Act, 1992 prohibits various fraudulent and manipulative practices in securities markets. The provision forbids the use of manipulative or deceptive devices, schemes to defraud, and fraudulent practices in connection with securities listed or proposed for listing on recognized stock exchanges. It specifically prohibits insider trading, dealing in securities while possessing material non-public information, and communicating such information to others. The section also restricts substantial acquisition of control or securities beyond prescribed percentages of equity share capital without compliance with applicable regulations.